Cervejas de Moçambique (CDM) recorded an increase of 1.39 meticals in the price of its shares in 2023, representing growth of 12 per cent over the year. This performance is reflected in the financial results released by the company, indicating a profit attributable to ordinary shareholders of 577 million meticals.
According to CDM’s annual report, consulted by Diário Económico this Thursday (15), the calculation of earnings per share on 31 December 2023 was based on the profit attributable to ordinary shareholders.
The weighted average number of ordinary shares in issue during the year was 159 million, unchanged from 2022. The document specifies that diluted earnings per share are equal to basic earnings per share, since there were no potential ‘dilutive’ financial instruments at the end of the year.
In addition, the company declared and paid dividends totalling 220 million meticals in 2023, of which 56 million were paid by the end of the year, when the remaining balance totalled 164 million meticals. ‘This performance underlines CDM’s financial robustness and investor confidence in the company,’ the document emphasises.
CDM’s annual report also reveals that the number of shares in circulation remained constant at 159 million in both 2022 and 2023. Dividends per share for 2023 were calculated at 1.39 meticals.
In 2011, CDM’s shareholders launched a public subscription offer for 9,681,244 new shares, ‘with the aim of increasing its share capital by 1.1 billion meticals’. At the time, each share was valued at 113.62 meticals, and the offer was reserved exclusively for CDM shareholders.
Felisberto Ruco (DE)
